Mon.May 13, 2024

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Recipe for navigating the restaurant business opening

eHotelier

Opening a restaurant is an extremely challenging endeavor. But if you plan accordingly, you can increase your chances of success by conducting proper market research, budgeting, getting involved with your community, investing in marketing, prioritizing operational efficiency, and listening to your customer base.

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Ross and Sunny Lusted announce 2 Melbourne venues

Hospitality Magazine

Sydney restaurateurs Ross and Sunny Lusted have confirmed they will open two ‘Iberian coastal’ concepts in Melbourne. It marks the first interstate foray for the couple, who operated the acclaimed Bridge Room for eight years before launching Woodcut at Crown Sydney in 2020. The venues are located alongside the soon-to-open boutique Melbourne Place hotel located on Russell Street in the heart of the CBD. “We feel extremely fortunate to have found these unique sites in what is an

Marketing 246
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Hospitality Trend ALERT: and the hotel models that stand out

eHotelier

“IFYKYK” is the unspoken acronym for quiet luxury. It has sprawled beyond HBO’s ‘Succession’ fashion and is now very much the center of travel. Where can one go to stay and experience the ultimate hospitality and great R&R without being looked up and down by others prying to see if their Louis Vuitton is this season?

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Etymon Projects to open two venues in Sydney’s Martin Place

Hospitality Magazine

The hospitality group behind Sydney venues Loulou Bistro, The Charles, and Poetica Bar + Grill are set to add to its growing portfolio with the opening of two venues in Sydney’s Martin Place. The two venues are slated to open later this year and will be part of the Sydney Martin Place Metro dining and retail precinct by Macquarie Group. Martin 21 will be the group’s all-day restaurant and bar which will serve a Mediterranean-style menu for both lunch and dinner.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Keeping Up with Diners’ Expectations Amid Rising Prices

Modern Restaurant Management

Tastes and preferences constantly change as trends come and go, keeping the restaurant industry on its toes. But two non-negotiables have remained strong for diners: convenience and loyalty. With digital and frictionless experiences at the forefront, diners are seeking their favorite restaurants in new, more affordable ways. The NCR Voyix 2024 Digital Commerce Index revealed nearly half (48 percent) of consumers dine out less than they used to because inflation is top of the menu.

Pricing 197

More Trending

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Tetsuya’s officially closes this July after 37 years

Hospitality Magazine

Tetsuya Wakuda’s eponymous Japanese fine-diner Testuya’s will close permanently in Sydney on 31 July. The news comes after the restaurant was set to relocate from its current Kent Street space this year due to redevelopments of the building. “Our plans to relocate Tetsuya’s to a new site after it closes at the end of July have unfortunately not worked out and I have made the very difficult decision to permanently close the restaurant after 37 years of business,” say

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Bookings now live – St. Regis Longboat Key Resort opening summer 2024

eHotelier

St. Regis Hotels & Resorts has officially announced that reservations are open for the highly anticipated opening of The St. Regis Longboat Key Resort, a beachfront oasis slated to open in Summer 2024. Developed by Unicorp and meticulously designed by SB Architects, Hirsch Bedner Associates (HBA Miami) and Dutch East Design, Longboat Key marks the only St.

Book 130
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Longrain Canteen pops up until spring

Hospitality Magazine

The Scott Pickett Group’s Longrain is catering to the lunch crowd with a new canteen that’s sticking around until spring. The pop-up is located at 430 Collins Street in the former Le Shoppe space and is open from 11am until 2:30pm Monday to Friday. Longrain’s Head Chef Long Le has put together grab-and-go dishes (but there’s a few tables for those wanting to dine in) influenced by some of the most popular dishes at the restaurant.

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Michael Innocentin appointed Chief Marketing Officer at Omni Hotels & Resorts

eHotelier

Omni Hotels & Resorts is pleased to announce the appointment of Michael Innocentin as its Chief Marketing Officer. Innocentin will oversee the planning, development, and execution of all brand marketing initiatives, including advertising, public relations, social media, the website, and digital campaigns. Additionally, he will direct Omni’s customer engagement and Select Guest Loyalty programs.

Marketing 130
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Food & Beverage Industry Report 2024

Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. food and beverage professionals, from restaurant owners to food service managers, providing insights into the real-time challenges and opportunities within the industry.

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How Hotels Can Make Employee Childcare Benefits a Reality

Horizon Hospitality

The most competitive hospitality employers never stop asking themselves “How can we attract and keep the best hotel employees?” Competitive salary and healthcare benefits tend to be the first strategies that come to mind, but a recent statistic presents another opportunity. According to the Bank of America Institute, the average household cost of childcare has increased by 32% in the last five years.

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Amanda Schmiege appointed Senior Director of Spa at The Pearl Spa and Wellness UAE Collection

eHotelier

The Pearl Spa and Wellness UAE Collection appoints Amanda Schmiege as its new Senior Director of Spa. With more than two decades of expertise within the wellness a hospitality industry, and a proven track record of transforming and opening spas a gyms across global luxury destinations, Amanda brings a wealth of experience and passion to her new role, leading The Pearl Spa and Wellness UAE Collection into a new era of elevated excellence.

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At Rome’s Beloved Bar San Calisto, That’ll Be €3.50 for Your Spritz

EATER

The Trastevere haunt, which remains unchanged since the 1960s, is a staunch reminder of aperitivo’s roots as both affordable, and for everyone.

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Hyatt doubles down on Latin America growth with 30+ planned openings through 2027

eHotelier

Hyatt Hotels Corporation highlighted today Hyatt's expected growth trajectory, from the sought-after beach town of Miches, Dominican Republic to the lush island of St. Lucia, World of Hyatt guests and members will soon have more than 30 new hotels to consider in Latin America & the Caribbean. Through 2027, Hyatt is committed to expanding its brand presence in new and exciting destinations throughout the region, meeting travelers in even more places – whether vacationing fwith family for a fu

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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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The Hottest Cookbook Ingredient Right Now? Bodies, Bodies, Bodies.

EATER

Getty Images Why do so many cookbooks these days include shots of bare skin? A version of this post originally appeared in the May 12, 2024 , installment of Dining In With Eater at Home , a newsletter highlighting the people, products, and trends inspiring how we cook now. Subscribe now. By the time that Le Sud , the third cookbook from the Paris-based recipe developer and food stylist Rebekah Peppler, hit shelves at the end of April, I’d already spent months living vicariously through its digit

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La Concha Resort introduces a new wellness destination in San Juan with the opening of Elemara Spa & Salon

eHotelier

Today, La Concha Resort, San Juan’s premier beachfront lifestyle resort is unveiling a new, oceanfront spa, Elemara Spa & Salon. Adding to the resort’s elevated amenities as part of a property-wide renovation, the highly anticipated new wellness destination captures the spirit of the resort’s oceanfront location and offers innovative treatments inspired by earth’s natural elements.

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Meyer Jabara Hotels’ New CIO Brings the Growth Mindset

Lodging Magazine

Recently appointed Meyer Jabara Hotels (MJ) Chief Investment Officer Ian McAuley comes to this newly crafted position with 30 years of experience and relationships that, coupled with those of this closely held private hotel company, will further MJ’s expansion goals. As McAuley shared with LODGING, he plans to pursue these goals by first familiarizing himself with his new company—its people, culture, and partners—well enough to fashion and convey to potential investors a compelling story of [

Magazine 116
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In Era of Expensive Debt Poor Management Drives Hotel Distress

Revenue Hub

After many predictions of waves of post-pandemic hotel distress, experts believe the limited distress arising in the market now is still primarily driven by operational missteps. During the “Winning in the Distress Game” session at the 2024 Meet the Money conference, Kevin Gallagher, senior director at Trimont, said people need to remember hotels are operating businesses, and people can make or break financial outcomes.

Marketing 109
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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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Hyatt Updates Expected Growth in Latin America Through 2027

Lodging Magazine

CHICAGO, Illinois—Hyatt Hotels Corporation updated the company’s expected growth trajectory in Latin America and the Caribbean. Through 2027, Hyatt will expand its brand presence in new destinations throughout the region, meeting travelers in more places. “Hyatt’s brand growth in Latin America and the Caribbean is fueled by robust travel across all customer segments and our effective execution of an asset-light strategy, including the 2021 acquisition of Apple Leisure Group,

Magazine 111
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How to make data your restaurant superpower

Fast Casual

How can restaurants utilize all of their data and turn it into their superpower?

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Meliá Hotels International Adds First Hotel in Laos

Hospitality Net

Spanish hotel group signs first hotel in Laos, increasing presence to seven countries in Asia.

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Address F&B Profitability Before It Takes You Under

Revenue Hub

Profitability in food and beverage (F&B) dropped by over 30% in the last five years. Operating with increasingly tight margins, many hotels can no longer support loss-making business units, yet F&B remains a pivotal service for the industry. It’s time to take action to improve the bottom line and remove revenue leakage. NB: This is an article from Guestline Subscribe to our weekly newsletter and stay up to date The current market conditions for hotel F&B are exceptionally challenging

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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Meliá Ibiza Opens Its Doors: A Well-Being and Disconnection Haven in Santa Eulalia

Hospitality Net

The crystal-clear and calm waters of Santa Eulalia, in iconic Ibiza, welcome the new Meliá Ibiza, which opened its doors on 1 May after an exquisite repositioning process that has transformed the existing hotel (Sol Beach House Ibiza).

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How SAS channel leaders make a difference for partners and customers

SAS

SAS and our vibrant partner network collaborate to help our customers address their toughest challenges with the power of data and AI. With partners around the globe and across industries, the SAS® Partner Program combines cutting-edge SAS software with our partners’ expertise and industry knowledge to meet customers’ unique business [.

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STR Weekly Insights: 28 April – 4 May 2024

Hospitality Net

U.S. hotels saw surprisingly modest performance this week following the previous down week during Passover. Revenue per available room (RevPAR) increased 0.5% year over year (YoY) as average daily rate (ADR) showed a slight increase (+1.3%) but was offset by an occupancy decline of 0.5 percentage points (ppts). Over the past eight weeks, performance has slowed with RevPAR on average increasing just 0.8%, a result of ADR up 0.9% and occupancy down 0.2%.

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Driftwood Capital Provides Mezzanine Financing for Sheraton Dallas Hotel

Lodging Magazine

DALLAS—Driftwood Capital, through its lending fund Driftwood Lending Partners, LP (DLP), provided $30 million in mezzanine financing for the refinancing of the Sheraton Dallas Hotel, a 1,841-key hotel and convention center sponsored by Chartres Lodging Group. The mezzanine financing will accompany a $270 million senior loan originated by Goldman Sachs and JP Morgan Securities.

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Optimize Restaurant Operations With the Right Payroll & HCM Services

Running a restaurant involves juggling numerous tasks, but payroll and HR shouldn’t add to the stress. Our guide, "A Buyer’s Guide to Payroll & HCM Services," is tailored for the restaurant industry to help you choose the best provider. Efficient payroll services ensure timely, accurate payments, crucial for maintaining staff morale. Compliance support helps navigate labor laws and avoid costly fines.